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Re: Dr_Thorfin post# 48718

Wednesday, 01/16/2013 1:58:06 PM

Wednesday, January 16, 2013 1:58:06 PM

Post# of 75926
How do you figure? How do you know what Net Income is, didn't they just post 2012 revenues. What number did you use for Net Income divided by their number of shares outstanding of 661,834,365? I don't think they are profitable yet, look at their latest quarterly financials. You need the EPS to calculate the PE Ratio, you just don't take sales and divided by shares outstanding because that isn't P/E ratio and if you were to do that I get a different number which is 2012 sales of $395,038.76 divided by shares of 661,834,365 times that ratio of 10 which equals share price of $0.0597.